* Portillos Inc reported quarterly adjusted earnings of 11 cents per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 7 cents. The mean expectation of eleven analysts for the quarter was for earnings of 6 cents per share. Wall Street expected results to range from -2 cents to 9 cents per share.
* Revenue rose 6.9% to $178.25 million from a year ago; analysts expected $182.18 million.
* Portillos Inc's reported EPS for the quarter was 11 cents.
* The company reported quarterly net income of $7.22 million.
* Portillos Inc shares had risen by 1.3% this quarter and lost 14.3% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 4.3% in the last three months.
* In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the restaurants & bars peer group is also "buy"
Wall Street's median 12-month price target for Portillos Inc is $15.00 This summary was machine generated from LSEG data November 6 at 05:02 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 0.06 0.11 Beat
Jun. 30 2024 0.11 0.10 Missed
Mar. 31 2024 0.07 0.08 Beat
Dec. 31 2023 0.04 0.13 Beat
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